West Australian LNG operator Woodside agrees plan with BHP Billiton for Scarborough gas
Woodside Petroleum, the operator of two LNG export plants in Western Australia, and Australian commodities group BHP Billiton have entered into an agreement in relation to the proposed development of the Scarborough gas field, part of which Woodside is in the process of acquiring from ExxonMobil Corp. for LNG expansion.
Western Australia LNG expansion plan backed by institutional investors through share offering
Woodside Petroleum, the Australian operator of two liquefied natural gas export plants and with stakes in North American ventures, has successfully completed the institutional component of its share offering that showed an appetite from banks to invest in LNG production.
Golar LNG share offer
Nov 15 (LNGJ) - Golar LNG, the Norwegian fleet owner and project developer now operating out of Hamilton, Bermuda, is increasing the size of a previously announced share offering by 800,000 shares to 6.5 million shares. Golar also priced the offering at $23.50 per share. As part of the offering, the underwriters are selling 212,765 of the common shares to a member of the Golar board at the public offering price. The company granted the underwriters a 30-day option to purchase up to an additional 975,000 shares. The proceeds are expected to be just over $150 million and will partly fund the settlement of outstanding convertible bond borrowings. The share offer, scheduled to close on November 18, has Citigroup as the sole book-running manager, with brokers Clarksons Platou Securities, Danske Markets and Evercore ISI acting as joint lead managers.
